Obama on Leno
Caught Barack Obama visit Jay Leno tonight. Overall impression: tonight Obama was likable and straightforward in his answers, albeit a bit “cutesy” with the way he carried himself.
A couple of things he said caught my attention:
1) Securitizing car loans and student loans — he actually mentioned separating those type of loans from the general population of loans and securitizing them (packaging and selling). Isn’t this what got us into this mess in the first place?
2) Obama was a little weak in his defense of Tim Geitner — everyone already understands the economy is in shambles, no need to reinforce how hard the Secretary of the Treasury’s got it now.
Overall … a decent interview … and light years ahead of anything Bush would have mumbled.
Max, I thought it was an interesting interview as well. I watched it on youtube. From reading the comments, some people seemed to dislike what he said about the special olympics.
Packaging car loans into securities doesn’t seem like a bad idea to me. At this point, people realize the risks associated with this.
Comment by Mystery — March 20, 2009 @ 10:42 pm
Yeah … the special Olympics comment was a gaffe … something one drunken person says to another at a party.
Comment by How To Be Poor — March 21, 2009 @ 11:53 pm